Millennials are a bird-in-hand kind ofgeneration, according to a new analysis by the Employee BenefitResearch Institute (EBRI), and would rather have the money—or lifeinsurance—than a retirement benefit.

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New findings from the 2015 EBRI/Greenwald & AssociatesHealth and Voluntary Workplace Benefits Survey (WBS) show thatmillennials don’t know as much about their workplace benefits asolder generations.

In addition, they’re less interested in them, preferring lifeinsurance over health insurance and even ranking life insurance andpaid time off as the most important employee benefit, over andabove a traditional pension or retirement savings plan.

Whereas 60 percent of millennials agreed that health insuranceis the most important employee benefit, just 2 percent said soabout a traditional defined benefit plan—while 8 percentsaid a retirement savings plan was the most important.

Millennials, compared with boomers and GenXers, would alsorather have the money spent on employee benefits other than healthinsurance and are also more likely than baby boomers to say they’drather have the money spent on health insurance and decide forthemselves whether, and how much, health coverage to buy.

And while older generations are considerably more likely to saythat the employee benefits offered by a prospective employer canmake or break the decision to accept a job, millennials weresubstantially less likely to say so.

Forty-one percent of boomers and 39 percent of GenXers saidbenefits were extremely important, just 31 percent of millennialssaid so.

But millennials are also far less likely even to know whatbenefits their employers offer them, compared with oldergenerations.

Fourteen percent of millennials don’t know if their employeroffers a traditional pension, DB, or cash balance plan, while 3percent don’t know about defined contribution plans available atwork.

Thirty-four percent don’t know if their employers offer healthinsurance for early retirees and 32 percent don’t know whethertheir employers provide supplemental health insurance for retireeson Medicare.